24 Trillion surge in global debt due to cornavirus pandemic, a | Finlight

24 Trillion surge in global debt due to cornavirus pandemic, according to Institute of international finance.

Due to surge, global debt is at record of $281 trillion and the worldwide debt-to-GDP ratio at over 355%.

India recorded the largest increases in its history in the terms of government debt ratios. This was due to increase in government expenditure to stabilize the shaken economy.